SINGAPORE – November 28, 2018 Potentially big changes are in store for Huobi Token (HT) and its Huobi Token buyback program. Huobi will host a public vote from 15:00, Monday, December 3 to 15:00 Thursday, December 6 (Singapore Time) on whether HT bought back by the company will continue to be airdropped to HT holders or whether bought back tokens will be burned instead.
The public vote – which will be open to all HT holders – was prompted by requests for changes from some parts of the HT community and is intended to give the community a voice in HT’s future.
“One of Huobi’s core values is giving our users maximum choice so putting this up to vote was a natural choice for us,” said Huobi Group Vice President Livio Weng. “We feel our HT community should have a say in the overall future of this project.”
Currently, Huobi buys back HT with 20% of its quarterly revenue and airdrops them to existing HT holders. Launched earlier this year, HT is the native token of the Huobi ecosystem.
More information can be found here: https://bit.ly/2KAT35k
Snapshot of HT held: 23:59:59 on December 2 (Singapore Time)
Voting: December 3, 2018 15:00 to December 6, 15:00 (Singapore Time)
Who: Users with more than 1 HT in their account can vote.
-Each HT you own entitles you to one vote
-Each user can only cast their votes once
-Results will be announced within five working days following the voting
-Percentage of votes will be calculated relative to the total number of votes
-Trading of HT and cryptocurrency assets will not be affected